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United Corporations Limited (T:UNC)

Business Focus: Closed End Funds

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Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 165 University Ave 10th Floor
Tel: N/A
IR: See website
Key People
Duncan N. R Jackman
Chairman of the Board, President
Scott F. Ewert
Vice President
Frank J. Glosnek
Richard B. Carty
Corporate Secretary
Business Overview
United Corporations Limited is a Canada-based closed-end investment company. The Company is an investment vehicle for long-term growth through investments in common equities. The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. The assets of the Company may be invested in interest-bearing short-term securities pending the selection of equity investments. The investment portfolio of the Company comprises a mix of predominantly foreign equities. The Company has an investment portfolio in Canada; the United States; Mexico; Europe, excluding United Kingdom; the United Kingdom; Asia, and Australia. The external investment portfolio of the Company is managed by Jarislowsky Fraser Limited (Jarislowsky) and ValueInvest Asset Management S.A. (ValueInvest).
Financial Overview
For the fiscal year ended 31 March 2019, United Corporations Limited revenues increased 25% to C$165.2M. Net income applicable to common stockholders increased 26% to C$128.9M. Revenues reflect Other net fair value changes in investme increase of 31% to C$119.3M, Foreign increase of 9% to C$43.2M, Interest and securities lending income increase of 49% to C$1.2M. Net income benefited from Office and miscellaneous decrease of 17% to C$290K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1,127M as of Mar 31, 2019
Annual revenue (TTM): $165.21M as of Mar 31, 2019
EBITDA (TTM): $154.03M as of Mar 31, 2019
Net annual income (TTM): $128.86M as of Mar 31, 2019
Free cash flow (TTM): $24.65M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,194,193 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization